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Meade, J E The Theory of Labour-Managed Firms and of Profit Sharing 1972 Article Self-Management Labour-Managed Firms, Profit Sharing, Industrial Economics, Economics, Cooperatives, Firms
Citation Meade, J E 1972 Article The Economic Journal of Nepal Labour-Managed Firms Profit Sharing Industrial Economics Economics Cooperatives Firms Self-Management

"The Theory of Labour-Managed Firms and of Profit Sharing"

by Meade, J E (1972)

Abstract

ONE important problem in industrial economics which deserves more attention from economic theorists than it has received in the past is the effects of different forms of industrial organisation upon economic efficiency. To take one such question, what would happen if workers hired capital instead of capitalist entrepreneurs hiring workers? Professor J. Vanek has recently made an important contribution to this subject. Building on the work of two other economists, 2 he has produced a full-scale textbook on the theory of labour-managed …

Keywords

Labour-Managed Firms, Profit Sharing, Industrial Economics, Economics, Cooperatives, Firms

Themes

Self-Management

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